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Airfloa Rail Technology IPO
300.89xsubscribed

Airfloa Rail Technology IPO

listed
₹2.66LMin. investment

Airfloa Rail Technology Limited IPO Details

Price range₹133 – ₹140
IPO type
SME
Lot size1000 shares
Issue size₹91Cr
Red Herring Prospectus
Read

Airfloa Rail Technology IPO Subscription Status

Date
QIB
NII
Retail
Total
11-Sep-25
0.5 times (X)
23.32 times (X)
34.17 times (X)
22.23 times (X)
12-Sep-25
0.96X
75.14X
97.62X
65.42X
15-Sep-25
7.08X
339.19X
329.61X
300.89X

As on 11-Sep-25, 7:45 PM

Airfloa Rail Technology IPO Timeline

  1. Pre-apply
    10 Sep 2025
  2. Bid start
    11 Sep 2025
  3. Bid end
    15 Sep 2025
  4. Allotment
    16 Sep 2025
  5. Release of funds
    17 Sep 2025
  6. Demat transfer
    17 Sep 2025
  7. Listing
    18 Sep 2025

About Airfloa Rail Technology Limited

Airfloa Rail Technology manufactures rolling stock components for Indian Railways, including ICF, and executes turnkey interior projects, while also producing precision parts for aerospace and defence. It manufactured rolling stock parts and executed interior projects for Sri Lankan DEMU, Mainline Coaches, Agra-Kanpur Metro, RRTS, Vistadome Coaches, and Train-18 Vande Bharat Express. As of August 28, 2025, the order book stood at ₹375.89 crore, with 72.17% from the Railways-Government segment. Train Materials contributed 45.81% of revenue, followed by Train 18 Seats at 28.71% and Roof & Sidewall at 8.28%. Regionally, Tamil Nadu contributed the bulk of revenue at 93.43% in FY25, followed by Gujarat at 3.31%. Capacity utilisation stood at 85% in FY25.

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Objectives of Airfloa Rail Technology Limited IPO

Working Capital requirements
65.06%
The company will utilise up to ₹59.27 crore towards working capital requirements.
Capital Expenditure
15.00%
The company will utilise up to ₹13.67 crore towards purchase of machinery and equipment.
General corporate purposes
13.30%
Part of the IPO proceeds will be used for general corporate purposes.
Repayment of loans
6.59%
The company will utilise up to ₹6 crore towards repayment of borrowings.

Airfloa Rail Technology IPO Contact Details

Company NameAirfloa Rail Technology Limited

How to apply for Airfloa Rail Technology IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Airfloa Rail Technology Limited IPO FAQs